Sunday, December 17, 2006

Apollo and Texas Pacific Set to Win Harrah's (HET) Auction With $90+ Bid - WSJ

According to reports from the Wall Street Journal Sunday, the private equity team of Apollo Management and Texas Pacific Group are set to win the auction for Harrah's Entertainment (NYSE: HET), with an offer of at least $90 per share.

The article said while a last minute hiccup could still derail the deal, an announcement is expected on Monday.

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